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  "documentTitle": "Herbalife, Ltd. (HLF)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "presentationDate": "2012-12-20 00:00:00",
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  "notes": "This slide is part of an activist presentation (likely Pershing Square's Herbalife short thesis) intended to contrast public marketing with internal business realities.",
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      "text": "Source: Herbalife 2012 Investor Day Presentation",
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      "text": "Source: Herbalife's Today Magazine",
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      "text": "\"Nutrition Clubs in commercial locations are a great way to build a stable customer base and downline.\" — Lorrie Manda, Millionaire Team",
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      "kind": "title",
      "text": "Herbalife Portrays Nutrition Clubs as Vibrant, Retail Channels...",
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